This guide outlines how to resolve commercial disputes.<\/p>\n <\/div>\n \n\nDownload Now<\/a> <\/section>\n <\/div>\n\n\n\n\n When going through arbitration, it is important to understand the relevant steps and procedures clearly. This will help to ensure you maximise the benefits of arbitration and effectively resolve your dispute. We outline the key aspects of the arbitration process below. <\/p>\n\n\n\n The arbitration process for your commercial dispute is a formal process. However, there is no one set process for what happens during the arbitration procedure. This is because you and the party to the conflict can decide if you will have institutional or ad hoc proceedings. If you choose institutional proceedings, your proceedings will be held by a chosen arbitral institution. As such, you will use their rules. Examples of these institutions include the: <\/p>\n\n\n\n If, however, you choose ad hoc proceedings, you can either allow the tribunal to decide the procedure or select the set of arbitral rules you wish to follow. An example of a set of rules is the United Nations Commission on International Trade Law (UNCITRAL) arbitration rules. <\/p>\n\n\n\n Regardless of whether you choose institutional or ad hoc proceedings for your arbitration process, the process consists of the arbitrator or panel of arbitrators. Arbitrators review the evidence you both provide about the dispute. This means that you will have to file:<\/p>\n\n\n\n The arbitrator will then need to hear this evidence, meaning that you will attend at least one hearing before a tribunal, and your legal representative will present this to the tribunal. During the hearing, they may question the other party and vice versa. Finally, the arbitrator makes a legally binding decision, which is the arbitral award for the dispute.<\/p>\n\n\n\n The arbitration process for a commercial dispute is a faster process than resolving your business disagreement through commercial litigation in a court. However, the arbitration process could be lengthy if, for example, you have many arbitrators on the panel. This is because finding times when all of them can attend a hearing date can be difficult. Therefore, it is difficult to say precisely how long the arbitration process will take; it could be as little as half a day up to a few months. <\/p>\n\n\n\n The arbitration process for your commercial dispute will take place in the seat, or place, of arbitration. This will be detailed in the arbitration clause<\/a> in the contract subject to the commercial dispute. Alternatively, it will be in any arbitration agreement. The seat of arbitration will usually be a city rather than a country. The reason for this is that the country concerned may have arbitration laws that vary between states. <\/p>\n\n\n\n When you draw up any arbitration agreement or clause in a contract, you should note that the city must be in a country that is party to the New York Convention. This international convention allows arbitral awards to be enforceable overseas.<\/p>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nThe Arbitration Process<\/h2>\n\n\n\n
General Procedures<\/h3>\n\n\n\n
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Arbitration Timeframes <\/h3>\n\n\n\n
Arbitration Location<\/h3>\n\n\n\n
The arbitrator or panel of arbitrators will make a decision at the end of the arbitration proceedings. This is known as an arbitral award. Arbitral awards are legally binding and can be enforced in a court of law. <\/p>\n\n\n
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\n Guide to Resolving UK Business Disputes<\/div>\n
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